Are You Satisfied With Your Current Ocean Freight Rates?

This was the question posed to our Twitter audience and the results proved quite interesting - 43% indicated their rates were very competitive while another 43% indicated they were not sure. Meanwhile 14% noted they were paying above the market.

One of the long-time industry standards to measure ocean freight spot rates, The Shanghai Containerized Index, has been on a downward spiral and combined with overcapacity has led many shippers to believe they are in fact receiving great rates.  But does the Shanghai Containerized Index measure the true ocean freight rates?

Meanwhile, the 57% that responded either not sure or indicated they were paying above market rates is an indication there may indeed be a need for a solution to benchmark port-to-port rates.

Learn More About the Health of Your Ocean Freight Rates

Keep checking our blog to learn more.

Also tune into our webinar, "Ocean Freight Pricing Transparency with One Real-Time Platform" | May 26. For more details and to sign up, click here.